Openness,size, and the saving–investment relationship |
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| Institution: | 1. Department of Economics and Center for Research on International Economics, University of Wisconsin-Milwaukee, Milwaukee, WI 53201, United States;2. Department of Economics, Penn State University, Mont Alto, PA 17237, United States;3. Department of Economics, Northeastern Illinois University, Chicago, IL 60625, United States;1. Universidad Autónoma de Nuevo León, Facultad de Economía, Ave. Lázaro Cárdenas 4600 Ote., Frac. Residencial Las Torres, CP. 64930, Monterrey, NL, Mexico;2. Tecnológico de Monterrey, Departamento de Ingeniería Industrial y de Sistemas, Ave. Eugenio Garza Sada 2501 Sur, Monterrey, NL, Mexico;1. Ghana Institute of Management and Public Administration, GIMPA School of Public Service and Governance, Accra, Ghana;2. Ghana Institute of Management and Public Administration, Business School, Accra, Ghana |
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| Abstract: | It is commonly believed that since saving is a source of funding for investment, any policy that is designed to stimulate saving, will also stimulate investment. This paper re-examines the relationship between national saving and investment. Results from a panel of 126 economies over the period 1960–2000 provide strong support for systematic effects of country-size as well as openness on the saving–investment relationship. |
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